Centre for Science and Environment (CSE) released its report on profit sharing in Ranchi, Jharkhand on August 5, 2011. The report is a detailed analysis of the profit sharing mechanism, international practices being followed in different countries, the need for profit sharing, etc.

Sustainable mining is an oxymoron. Environmentalists will tell you this. Mining—coal to limestone—takes away forests, devastates mountains and leaves the land pockmarked. It also destroys livelihoods of people and displaces them. Worse, modern, mechanised mining takes away livelihood based on land but does not replace it with local employment—all estimates show that direct employment in the mining sector has fallen sharply. It provides wealth, but not for local development.

Centre for Science and Environment (CSE) releases its report on profit sharing in Bhubaneshwar, Odisha on June 24, 2011. The report is a detailed analysis of the profit sharing mechanism, international practices being followed in different countries, the need for profit sharing, etc.

It is now well recognised across the world that wealth generated by the mining sector comes at a substantial development cost, along with environmental damages and economic exclusion of the marginalised. This has also been exhaustively documented in India. In fact, the major mining districts of India are among its poorest and most polluted. Considering the negative externalities of the mining sector, new policies and practices are being explored and implemented across the world to ensure that mineral wealth can be converted into sustainable development benefits for local communities.